Research Report on China Valve Industry, 2010-2019

The competition among valve manufacturers is fierce and no one has yet monopolized the global market.
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  • Chinese

The competition among valve manufacturers is fierce and no one has yet monopolized the global market. Valve manufacturers in western European countries like Germany, Britain and France occupy a market share of 40%. In Asia and Pacific region, valve manufacturing and export concentrate in India, China and Japan, among which India is responsible for high-end product while China and Japan for low-end product. This brings second-mover advantage to newcomers who are free from entry barrier and bad restrictions.
As competition in global valve market grows increasingly fierce, many famous valve manufacturers have moved their plants from North America, Europe and Japan to China, India, Korea and Central Europe.
Since the reform and opening-up, China has witnessed a rapid development of valve industry and become the largest valve producer in the world. Currently, about 50% of valve parts as well as most valves in the world come from China given original equipment manufacturer. And China has also become the largest valve exporter in the world too.
China's valve output in 2014 was 10.319 million tons, increasing 28.9% year on year. In recent years, valve production has kept increasing not only in central air-conditioning industry but also in such rising industries as energy & power and steel industry.
Currently, China is the country with the largest number of valve manufacturers, i.e. over 3000. And Zhejiang, Wenzhou, Taizhou, Ningbo and Jinhua in particular, is China's largest manufacturing base and sales center of valve. But most enterprises there are small family workshops, among which less than 500 bring in an annual sales value of CNY 5 million and only a dozen have a revenue exceeding CNY 100 million. And the market share of those in the Top 10 only totaled 8%-9%. DunAn Holding Group and Sanhua Co., Ltd that are located at Zhuji and Xinchang respectively, the leading enterprises in Zhejiang and even China, have kept leading the development of valve industry in China.
What is notable is that with capacity concentration, large companies have expanded and become famous through competition while middle and small-sized enterprises without competitiveness may face the risk of being merged or going bankrupt.
Valve products supporting central air-conditioning are four-way reversing valve, globe valve, electronic expansion valve and electromagnetic valve, among which globe valve with simple structure and mature technology differs little among different brands. As profit is shared among multiple brands, the gross profit rate becomes the biggest concern of enterprises. Currently, household air-conditioning system consisting of electronic expansion valve and inverter compressor works well by combining the flow-regulating characteristic of electronic expansion valve with the frequency conversion characteristic of inverter compressor.
In 2014, the domestic market of air-conditioner globe valve and four-way reversing valve is in depression, both reporting a year-on-year decrease under limited demand. While electronic expansion valve performed well and reported a year-on-year increase under the condition of air-conditioning machine upgrading. Among the valve products supporting commercial central air-conditioning, DANFOSS, Parker, Emerson and Sanhua dominate the market, among which foreign brands take up a share of over 50%.
On the whole, concentration of valve industry is low. Low-end producers basically can meet the domestic demand while high-end producers have taken part in international competition. Foreign enterprises with technical advantages remain the major competitor in high-end market for they entered the field early and have accumulated rich experience.
In 2014, the market size of central air-conditioning surpassed CNY 70 billion in China. Apart from the basic nine categories of central air-conditioning product, special central air-conditioning is accelerating its development. The Chinese government has increased its investment in nuclear power and set a target of increasing installed capacity from 4000 GW to 75 GW by 2020. Suppose a nuclear power project with a capacity of 100 GW needed cooling equipment of CNY 150-200 million, nuclear power's demand for cooling equipment will total CNY 11.2 billion in the next decade. Meanwhile, fixed asset investment led by the Chinese government grows year by year, the launching of such projects as west-east gas transmission, west-east electricity transmission, south water to north will need large amounts of valve products. Besides, as industrial age is around the corner, such big users as petrochemical industry, power sector, metallurgic department, chemical industry and city construction will also increase their demand for valve.
Driven by many forces, valve manufacturing in China enjoys good prospects. And structural upgrading will be its trend of development. When there are many competitors in the market, cost advantage will gradually disappear, which forces companies to improve product quality so as to take an active part in market competition.
Although valve industry in China faces such disadvantages as rising labor cost and lack of technical talents, its great potential has created opportunities for foreign enterprises to enter the market.

Readers can get at least the following information through this report:
-policy for valve industry in China
-valve supply and demand in China
-key enterprises and their operation status in valve market in China
-competition in valve market in China
-valve import and export in China
-factors affecting valve development in China
-investment opportunities in valve industry in China
-expectation to valve industry in China

The author suggests the following groups of people purchase this report:
-valve producers
-enterprises engaged in valve trade
- enterprises related with valve industry
-investors/research institutions interested in valve industry in China

Table of Contents

1 Basic Concepts of Valve
1.1 Definition and Classification of Valve
1.1.1 Definition
1.1.2 Classification and Use

1.2 Operation Status of Valve Industry in the World, 2010-2014
1.2.1 West Europe
1.2.2 Central and Eastern Europe
1.2.3 America
1.2.4 Asia Pacific
1.2.5 Characteristic of Valve Market in the World
1.2 Major Valve Producers in the World
1.3.1 USA
1.3.2 Japan
1.3.3 Germany
1.3.4 China
1.4 Key Valve Enterprises in the World
1.4.1 Tyco
1.4.2 Flowserve
1.4.3 Emerson
1.5 Development Environment of Valve Industry in China, 2010-2015
1.5.1 Policy Environment
1.5.2 Economic Environment

2 Supply of Valve Industry in China, 2010-2014
2.1 Production Status of Valve Industry in China, 2008-2012
2.1.1 Capacity of Valve Industry in China
2.1.2 Valve Output in China
2.1.3 Valve Output by Regions in China
2.2 Valve Import and Export in China, 2010-2014
2.2.1 Import
2.2.2 Export

3 Market Demand for Valve in China, 2010-2014
3.1 Demand Overview
3.1.1 Overall Demand
3.1.2 Application Area of Valve
3.2 Factors Affecting Demand for Valve in China
3.2.1 Economic Situation
3.2.2 Government Investment
3.2.3 Technology
3.3 Fractionized Demand for Valve in China, 2010-2014
3.3.1 Petrochemical Device Valve
3.3.2 City Construction Valve
3.3.3 City Heat Supply Valve
3.3.4 Environmental Protection Valve
3.3.5 Urban Gas Valve
3.3.6 Long-distance Pipeline Valve
3.3.7 Power Station Valve
3.3.8 Metallurgy Valve
3.3.9 Offshore Platform Valve
3.3.10 Food and Medicine Valve
3.3.11 Air-conditioner Valve

4 Competition Analysis of Valve Market in China, 2010-2015
4.1 Competition Overview in Valve Industry in China
4.1.1 Barrier to Entry and Exit
4.1.2 Industrial Concentration
4.1.3 Acquisition and Reorganization in Valve Industry
4.2 Competitors in Valve Industry in China
4.2.1 Local Enterprise
4.2.2 Foreign Enterprise
4.3 Competitive Structure of Valve Enterprises in China
4.3.1 Upstream Supplier
4.3.2 Downstream Client
4.3.3 Competition in the Industry
4.3.4 Potential Newcomer
4.3.5 Replacement

5 Major Valve Producers in China, 2010-2015
5.1 China National Nuclear Corporation Suzhou Valve Factory
5.1.1 Company Profile
5.1.2 Operation Status
5.1.3 Product Characteristic
5.1.4 Development Strategy
(5.2-5.10 are Structured the Same as 5.1)
5.2 Zhuzhou Southern Valve Co., Ltd
5.3 Dalian Dagao Valve Co., Ltd
5.4 Liangjing Group Co., Ltd
5.5 Huanqiu Valve Group Co., Ltd
5.6 Zigong High Pressure Valve Co., Ltd
5.7 Zhengjiang CHAODA Valve Group Co., Ltd
5.8 Shanghai Lianggong Valve Factory
5.9 Guangdong Mingzhu Group Co., Ltd
5.10 Hubei Hongcheng General Machinery Co., Ltd

6 Key Foreign Enterprises in Valve Market in China, 2010-2015
6.1 Tyco
6.1.1 Global Business of Tyco
6.1.2 Tyco's Layout in China
6.3 KSB
6.4 Emerson
6.6 Spirax Sarco
6.7 Armstrong
6.8 Azbil Corporation (formerly Yamatake Corporation)
6.9 Caleffi SPA
6.10 KOSO

7 Expectation to Valve Industry in China, 2015-2019
7.1 Factors Affecting Development
7.1.1 Policy Environment
7.1.2 Economic Environment
7.2 Supply Forecast of Valve Industry in China, 2015-2019
7.2.1 Production Forecast
7.2.2 Forecast of Product Category
7.3 Demand Forecast
7.3.1 Forecast of Area with Demand
7.3.2 Forecast of Market Size
7.4 Risk Analysis of Investment in Valve Industry in China
7.4.1 Market Risk
7.4.2 Policy Risk
7.4.3 Operational Risk
7.5 Development Trend of Fractionized Valve Industries in China
7.6 Investment Strategy of Valve Industry in China

Table of Selected Charts
Chart Valve Output in China, 2002-2014
Chart Valve Output by Regions in China in 2014
Chart Scale of Valve Market in China, 2010-2014
Chart China's Valve Export, 2005-2014
Chart Operation Status of China National Nuclear Corporation Suzhou Valve Factory, 2010-2014
Chart Operation Status of Zhuzhou Southern Valve Co., Ltd, 2010-2014
Chart Manufacturing Base of Tyco in China
Chart China's Export of Several Valve Products in 2014
Chart Major Export Destinations of Chinese HS 84812020 (Valve for Pneumatic Transmissions) in 2014
Chart Output Forecast of Valve in China, 2015-2019
Chart Scale Forecast of Valve Market in China, 2015-2019

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A valve is a device that regulates, directs or controls the flow of a fluid by opening, closing, or partially obstructing various passageways.